The 2025 European Men’s Basketball Championship (EuroBasket 2025) in Riga brought an additional EUR 52.3 million into Latvia’s economy, the Saeima Education, Culture and Science Committee’s Sports Subcommittee was informed on Tuesday.
A study carried out using an internationally recognized methodology shows that the direct economic impact of EuroBasket 2025 amounted to almost EUR 83 million, with an additional indirect economic impact of EUR 51.5 million.
The cost of hosting the tournament, the draw, and the FIBA General Assembly totaled EUR 18.3 million, of which less than EUR 10 million came from Latvia’s state budget. Approximately EUR 15.5 million was returned directly to the national budget in taxes.
In total, hosting EuroBasket 2025 contributed EUR 52.3 million to the national economy. This means that every euro allocated from the state budget generated EUR 5.3 in economic return, according to the report.
EuroBasket 2025 took place in Riga from August 27 to September 14. Germany defeated Turkey in the final, while Greece claimed the bronze medals.
The 31 matches held in Riga were attended by 195,101 spectators, including the presidents of Germany, Finland, and Georgia, as well as the prime minister of Estonia.
Source: BNS
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